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ECV Eco City

2.875
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Eco City ECV London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 2.875 01:00:00
Open Price Low Price High Price Close Price Previous Close
2.875 2.875
more quote information »

Eco City ECV Dividends History

No dividends issued between 28 Apr 2014 and 28 Apr 2024

Top Dividend Posts

Top Posts
Posted at 23/12/2015 12:15 by yidscmartist
So there we have it confirmed. 440 million shares @ 1.2p to hit the market tomorrow morning. Once people wake up they will be selling like hot cakes.

They just announced dilution at a rate of 20 to 1


Eco City Vehicles PLC

("ECV" or the "Company")



Result of General Meeting



The board of directors of ECO City Vehicles plc ("the Board") announces that at today's General Meeting of the Company, Ordinary Shareholders approved all resolutions.
Posted at 03/12/2015 16:13 by yidscmartist
ECV valued @ £13 mill Mcap for approx £4.8 mill cash and no business.

Does anyone know what will happen when 440 mill shares hit the market? I mean, do they know how far this will tank?

1.25p is fair value and will be above cash. Still a long way to go yet.
Posted at 01/12/2015 11:12 by cyberbub
So the people subscribing £5M at 1.22p will have instantly trebled their money at today's SP? And all based on pure speculation of what ECV might eventually get via RTO?
Posted at 15/4/2015 12:28 by fillipe
ecv - the 4.8p is a buy.

f
Posted at 27/2/2015 06:07 by swizz
I wonder what Nigel Wray had planned for ECV?..........GL S
Posted at 30/6/2014 22:23 by strollingmolby
Seeing results come out this evening you'd be forgiven for thinking these are for a year-end of 31-Mar - nope, these are for the year to 31-Dec meaning ECV has taken the full 6 months permissible to issue results before the shares would have needed to be suspended tomorrow. In almost all circumstances, I would not trust any company that could not issue its (relatively simple) results within 3/4 months - to take six is unforgiveable and is normally covering something up and delaying its release.

In this instance the results tell the tale of static sales (known I would expect), with net debt increasing from £1m to £3.6m, attributable to the purchase of a rental fleet. I've not heard mention of a rental fleet previously, having not followed closely as I've not held for almost a year, but does this activity provide decent margins or is it intended to support the used fleet prices? It's a good job the £2.2m VAT windfall was received else the position would have been worse.

The need for additional funding is also mentioned which will weigh heavily on sentiment until it is completed at a hefty discount. Working capital is just £704k for 2013 so can the company support its expansion plans ahead of the fund raising?

For me, ECV remains uninvestable whilst it faces so many headwinds. I'll continue watching but suspect it may be some time before a tangible recovery is seen.
Posted at 04/12/2013 19:30 by mortimer7
Here's hoping:-

ryan83 4 Dec'13 - 15:30 - 358066 of 358157 0 0

ECV tuck em in a drawer get em out at 3p!
Posted at 29/11/2013 10:00 by cockneyrebel
Why would Henderson buy 15% of ECV here?

All shortly after the COO resigns just a month ago.

CR
Posted at 26/11/2013 12:36 by cockneyrebel
Is this the start of bid action I've been waiting for?



Eco City Vehicles PLC
("ECV" or "the Group")
Acquisition of major interest by institutional investor
Director Dealing
Eco City Vehicles PLC, the co-developer and supplier of the London licensed Mercedes Vito taxi, is pleased to announce that a blue chip institutional investor has made a major investment in ECV with the acquisition of a 15.98 per cent holding.
The stake was acquired on 25 November at a price of 1.584p per share from Peter DaCosta, Keith Marder and Michael Troullis ("the vendors"). As a result of these transactions the combined shareholding of the vendors has reduced to 34.7 per cent from 50.7 per cent.
Mr DaCosta, a non-executive director of the Group, sold 25,000,000 shares, reducing his holding to 53,887,856 shares, representing 11.5 per cent of the current issued share capital of the Group.
Mr Marder and Mr Troullis also sold 25,000,000 shares each, reducing their holdings to 53,807,532 shares and 55,001,600 shares respectively, representing 11.5 per cent and 11.7 per cent, respectively, of the current issued share capital of the Group.
These transactions have been made in compliance with the orderly marketing obligations announced at the time of ECV's placing on 7 September 2012.
Enquiries:
Posted at 07/4/2013 11:01 by strollingmolby
Initially dissappointing to see that more Vitos weren't registered in the crucial March month, only matching the Mar-12 registrations. This was hoped to be the month that ECV could really gain a competitive advantage over LTI by getting huge numbers sold and on the road, but to some extent LTI restricted this by selling 23 cabs from their huge stockpile of cabs now without the junk Chinese steering racks.

However, ECV's 91 does match the Mar-12 data, and is only two behind their best ever month of registrations from Mar-10 (93). Furthermore, in Q1'13 ECV has achieved an 89.8% market share (202 v 23), and over the last five months ECV has out-sold LTI by almost 10 to 1 (302 v 32). These are sales that LTI won't get back for some time, if at all, so the Vito edges that little bit further ahead in popularity with cab drivers as the taxi to buy going forward.

And as a company, ECV has greatly reduced its debt and is well-placed going forward, so I share CR's optimism. (but let's not forget the two elephants in the room - LTI and Nissan who will both be looking for market share later in the year)

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